Envestnet - ENV Stock Forecast, Price & News

Envestnet, Inc., together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company's product and services include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. It also provides Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research and consulting services to assist advisors in creating investment solutions for their clients, and portfolio overlay and tax optimization services, as well as data aggregation and data intelligence platform, which offers cloud-based innovation for digital financial services. Envestnet, Inc. was founded in 1999 and is headquartered in Chicago, Illinois.

Analyst Ratings Changes

ENV has been the subject of several recent research reports. Piper Sandler reduced their price target on Envestnet from $73.00 to $54.00 and set a "neutral" rating for the company in a research report on Friday, June 17th. DA Davidson cut their price objective on Envestnet from $86.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, July 1st. TheStreet cut Envestnet from a "c-" rating to a "d+" rating in a research report on Friday, June 17th. StockNews.com cut Envestnet from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, JMP Securities cut their price objective on Envestnet from $97.00 to $80.00 and set a "market outperform" rating for the company in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $72.33.

Envestnet Stock Performance

NYSE:ENV traded up $1.34 during mid-day trading on Friday, hitting $60.51. 259,872 shares of the stock were exchanged, compared to its average volume of 397,486. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -110.02 and a beta of 1.16. The firm's 50-day simple moving average is $55.14 and its 200 day simple moving average is $66.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.82 and a current ratio of 0.77. Envestnet has a fifty-two week low of $49.08 and a fifty-two week high of $85.99.

Envestnet (NYSE:ENV - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The business services provider reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Envestnet had a positive return on equity of 7.52% and a negative net margin of 2.42%. The firm had revenue of $318.90 million for the quarter, compared to analyst estimates of $324.02 million. During the same quarter last year, the company earned $0.35 EPS. The company's revenue was up 10.5% on a year-over-year basis. As a group, equities analysts anticipate that Envestnet will post 1.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William Crager acquired 920 shares of the stock in a transaction on Wednesday, June 29th. The shares were purchased at an average price of $53.79 per share, for a total transaction of $49,486.80. Following the purchase, the chief executive officer now directly owns 306,241 shares in the company, valued at $16,472,703.39. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.44% of the company's stock.